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(� Pernlits - Prior to the start of any construction, the Developer's Contractor <br /> shall apply for anci receive all necessary permits from the City and/or <br /> goveriunent agencies having jurisdiction. Required City peimits relative <br /> to the Improvements include the following: Site Grading Perinit; Utility <br /> Constructiou Permi#; Sewer and Water Coimection Permits. Developer is <br /> advised tl�at an Erosion Control Permit must be obtained from the <br /> Minnehaha Creek Watershed District before cominencing any grading <br /> activity on the site. <br /> (g) Construction - The construction, iiistallation and materials shall be in <br /> accordance with the plans and specifications approved by the City. <br /> (h) Insurance - The Developer will cause each person who constructs and <br /> installs any Improvement to maintain coiiiplete insurance coverage <br /> including Workmen's Compensation, Liability and Property Damage. <br /> 12. Perfornlance Deposit: For the purposes of assuriiig to the City that the <br /> Improvements will be completed according to the terms of this agreement, and <br /> that the Developer will pay or will cause to have paid all clainis for work done <br /> and inaterials and supplies funushed,the Developer or his General Contractor will <br /> deposit wifll the City prior to issuance of site grading and building permits an <br /> irrevocable letter of credit in a form satisfactory to the City providing that the City <br /> is able to draw upon such letter of credit in its sole discretion to complete the <br /> Improvements if the Developer fails to satisfactorily complete the work prior to <br /> tlie completion date specified in Section 11 above. The amount of such deposit <br /> shall be 150% of the estiinated improvement costs per the schedule to be attached <br /> to this docurnent as Exhibit B. The aniount of such deposit shall not be reduced <br /> before substantial coinpletion of the Inlprovemeiits. The letter of credit shall <br /> � expire zio sooner than six months after tlie completion date specified in Section 11 <br /> above. <br /> 13. Fees and Expenses: The Developer agrees to pay ali City fees required per the <br /> current City Fee Schedule and further agrees to completely reimburse the City for <br /> all the variable additional expenses it incurs in regard to the review and approval <br /> of the Improvements including, but not limited to, direct City payroll and <br /> overhead, costs, and fees paid to consultants and other professionals, which are <br /> ilot covered by City application fees. <br /> 14. Maintenarlce. The Developer shall be responsible for maintenance of all privately <br /> owned Improveinents including roads, sidewalks, and storm sewers, regardless <br /> wheflier easements for such improvements have been granted to the City. <br /> Developer shall permanently inaintaiil site lightiiig, signage and 1a11dscaping <br /> consistent witli tlie approved Plans for said iinprovements. Developer shall be <br /> responsible for maintenance of all sewer and water lines that are defined as <br /> "comlections" as indicated on the approved Uiility Plan. Developer sliall be <br /> responsible for ensuring that the appearance and desigii of the building are <br /> maintained per tl�e approved building and construction plan, and shall be <br /> Page 5 of 10 <br />